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- Chinese inflatin above expectations in January
Chinese inflatin above expectations in January
The Consumer Price Index, published by China's National Bureau of Statistics was 1.0% m/m, which is higher than the previous value of 0.2% and economists' forecast of 0.7%. In annual terms, consumer prices rose by 2.5% after rising 2.1% previously.
Prices of non-food products rose by 2.5% y / y, while the price of food + 2.7% y / y
Consumer Price Index - a key indicator of inflation and changes in purchasing trends. Significant growth in the consumer price index is a sign that inflation is becoming a destabilizing factor in the economy and could potentially push the People's Bank of China to tighten monetary policy and fiscal policy.
According to the chief economist at Bank of Communications Lian Ping, a stimulus for the growth of inflation was the celebration of the Lunar New Year which led to an increase in consumption by the population and, consequently, to an increase in prices of food and manufactured goods.
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